Recently, the acrylic acid market has experienced a narrow decline. According to the Commodity Market Analysis System of Shengyishe, as of January 9th, the average quoted price of acrylic acid in the East China region was 6200.00 yuan/ton, a decrease of 0.20% compared to last Wednesday (January 3rd).

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, the reference price for propylene on January 9th was 6643.25, a decrease of 3.28% compared to January 1st (6868.25). Since January, the domestic propylene (Shandong) market prices have first fallen and then increased, and the cost pressure on the acrylic acid market still exists.

Supply and demand side: There has been little pressure on the supply side recently, but the demand side has been light. Downstream prices have been following suit, and market transactions are mainly small orders in demand, with a strong wait-and-see atmosphere.

According to the acrylic acid analyst at Business Society, the current cost and supply side support continue, coupled with the strong downstream butyl acrylate market, which has boosted market sentiment. However, the demand follow-up is weak, and inquiries and purchases are made at a lower price for essential needs. The market game is being sorted out, and it is expected that the acrylic acid market will operate with narrow fluctuations in the short term. More attention should still be paid to market news guidance.